Building Road Roller Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Static roller, Pneumatic roller, Vibratory roller, Sheepsfoot roller, Grid Roller and Others), By Application (Roads Building, Sites Development, Industrial Yards Construction), and by Region (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Analysis and Forecast 2022-2030
KEY MARKET INSIGHTS
The Building Road Roller Market was valued at US$ 2.36 Billion in 2021 and is projected to reach US$ 5.78 Billion by 2030, at a CAGR of 4.6%. An engineering device known as a road roller or compactor is frequently used to compact soil, gravel, concrete, asphalt, or other materials during the construction of roads, airport or port foundations, at landfills, or in agriculture.
As a result, several road roller types are manufactured to satisfy the needs of various projects. Road rollers are recognizable in the construction sector because they are used in the rolling process to ensure that foundations are properly compacted and the materials are compact and do not break loose. The primary function of a road roller is to directly apply pressure on loose materials in order to crush, knead, or vibrate them. This machine is most frequently employed in the construction of roads or to lay compact foundations for vast areas. Rolling is used to condense weakly bonded foundation materials.
Due to lockdowns, travel restrictions, and business closures, COVID-19 has had an impact on the businesses and industries of numerous nations. The closing of numerous plants and factories has had a detrimental influence on the production, delivery schedules, and sales of goods on the international market. Construction of buildings and complexes, both residential and non-residential, has continued despite the pandemic's onset. Additionally, as consumers' purchasing power has significantly decreased, there is less need for road rollers. Once things return to normal, the future of the road roller market looks bright.
Growing Infrastructure Associated with Road Construction
The road roller market has been impacted by industrial development and expanding infrastructure markets, which have led to significant construction projects such as residential and non-residential buildings, bridges, roads and highways, airports, and others. Road rollers are being provided by project contractors and equipment manufacturers that are collaborating with the military defense services to meet the demand for urgent building work.
Increasing Urbanization and Industrialization Aiding the Market Growth
The infrastructure of major nations is being improved via the construction of new buildings, skyscrapers, roadways, and other infrastructures. However, nations are spending money on rebuilding their cities and modernizing their infrastructure, which is expected to increase the demand for construction equipment and, in turn, drive up the price of automobile road rollers. The trend toward integrating fuel-efficient, electronically controlled machinery with autonomous and semi-autonomous systems is growing, which is improving real-time coordination across various systems and processes.
Huge Investments on Road Roller Hampering the Market Growth
The huge costs incurred for the manufacturing of the road roller can be a limiting factor for the growth of the global building road roller market. It requires high maintenance and problems associated with portability when it gets broken down.
The global building road roller market is segmented by Product Type (Static Roller, Pneumatic roller, Vibratory roller, Sheepsfoot roller, Grid Roller and Others), by Application (Roads Building, Sites Development, Industrial Yards Construction) and region. Based on the product type, the market is categorized into static roller, pneumatic roller, vibratory roller, sheepsfoot roller, grid roller and others. Based on application, the market is categorized into roads building, sites development, industrial yards construction. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
By Product Type
Based on the product type segment, the global building road roller market is categorized into static roller, pneumatic roller, vibratory roller, sheepsfoot roller, grid roller and others. The vibratory roller segment accounted largest market share in 2020 due to asphalt, gravel, sand, and other materials are often compressed using double drum vibratory rollers. It is deemed suitable for walkways, paving, and road construction, which will further accelerate the segment's growth.
Based on the application segment, the global building road roller market is categorized into roads building, sites development, industrial yard construction. The industrial yard construction segment accounted largest market share in 2020 due to expansion of industries are done quickly over the world as a result of improved transportation, changing economic conditions, and rising population. As a result, there is a growing need for road rollers in the development of industrial yards.
The global building road roller market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the market share of global building road roller market owing to the rising investments over R&D activities regarding the components of the building road roller. growing public investment and building projects aimed at modernizing the area's outdated facilities. The need for road rollers is increased by sophisticated building methods and defense applications in North America. In North America, there has been an increase in the market need for road rollers during the past 50 years.
However, Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The market is driven by the significant demand for road rollers as a result of rising government spending on infrastructure and defense. This can be due to the region's growing population, which is fueling an increase in construction activities. Additionally, growing economies in nations like India, China, Indonesia, and others are boosting the market's expansion thanks to rising public investments in infrastructure development.
LIST OF KEY COMPANIES PROFILED:
· AB Volvo
· BOMAG GmbH
· Changlin Company Limited.
· Dynapac Compaction Equipment AB
· J C Bamford Excavators Ltd.
· Liugong Machinery Co., Ltd
· Sakai Heavy Industries, Ltd.
· SANY Group
· Speedcrafts Limited
· Wirtgen group
· XCMG Construction Machinery Co., Ltd.
· Xiamen XGMA Machinery Co., Ltd.
KEY INDUSTRY DEVELOPMENTS:
April 2021- Caterpillar expanded its 2- to 5-tonne product offering by introducing ten new tandem and combination utility compactors which delivers unmatched efficiency, increased productivity, simple operation and easy maintenance.
By Product Type
- Static roller
- Pneumatic roller
- Vibratory roller
- Sheepsfoot roller
- Grid Roller
- Roads Building
- Sites Development
- Industrial Yards Construction
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
Building Road Roller Market Size